The Dutch offshore owner sold 27.7 million shares at NOK 16 ($2.78) apiece raising just shy of NOK 444.5m.
Fugro’s holding represented 14% of the EMGS’ outstanding shares which it obtained in April 2011 as a result of the conversion of loan that Fugro provided to EMGS in 2009.
Swedbank First Securities managed the sale yesterday following an accelerated bookbuilding process.
The
